This analysis is rather bearish relative to the FLD/price interaction one would expect when moving out of an 18 month trough. From what I understand of Hurst phasing, this bearishness would normally be the catalyst to re-evaluate the phasing of the 18M trough in October.
I note that you're not re-evaluating the phasing. Is that because the time frequency analysis still supports the placement of the 18M trough in October or is there something I'm missing?
This analysis is rather bearish relative to the FLD/price interaction one would expect when moving out of an 18 month trough. From what I understand of Hurst phasing, this bearishness would normally be the catalyst to re-evaluate the phasing of the 18M trough in October.
I note that you're not re-evaluating the phasing. Is that because the time frequency analysis still supports the placement of the 18M trough in October or is there something I'm missing?